Part 2 – They Bought Something, Did You?

Over the past few weeks , there have been a lot of buying opportunities. Long precious Metals,  ETFs that allow you to Short the markets, etc.  I have about about 50 more charts  (in addition to Part 1 of this weekend report) to further  discuss the buying opportunities currently forming.  To the charts ...

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When The NASDAQ back tested that break...

QQQ 1-27

You could have bought TQQQ low risk at $80 with a stop right below the lows. Since  I think there is more upside, it is still a buy if you ask me. Especially if we get a dip in the markets. See also ETFs like UPRO, SOX, AND TNA

TQQQ

There is much more...

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1-29 Wkend Report: It’s Adding Up

We are getting the follow through that we expected in many different areas of the Market.  The small pieces of the big picture continue to add up.   Will it continue?  Lets check the charts! 🙂

 

SPX Jan 27 - I pointed out that the drop mid week was normal, the same thing  happened coming out of the August lows. I still  expected a run higher.

SPX 1-27

SPX Jan 29 - Friday we got our follow through. 

SPX 1-29

Moves higher out of the lows  can be convincing, but will it lead to a break to new highs in a bull market,  or a bounce?

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1-29-2016 follow Up

I wasn't planning on a Friday report, but Thursdays action in several areas was important enough that I wanted to share a few charts.  Also a reader  ( we shall call him  D.F.), pointed out an area of interest  that I will touch on here too.

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Lets start with the USD.  I saw weakness and have been saying that I expect it to drop. I posted these charts last week.

USD 1-22 wkly USD 1-26

We have been in Gold & Miners for a while now, but a weak dollar could help Precious Metals and Commodities further.  I will cover this more in the weekend report ,  but for now, what did the Dollar do Thursday? 

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